Markets and investing
Oil Edges Higher as Traders Assess US-Iran Peace Talks
Crude prices recovered after a two-day decline, with traders weighing mixed signals on negotiations between Washington and Tehran.
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Markets and investing
Coupang’s Q3 Revenue Tops Estimates, but Losses Widen
Coupang reported $10 billion in third-quarter revenue, ahead of analysts’ expectations, while a wider-than-expected loss and continued margin pressure weighed on profitability. Management expects margins to improve over the coming quarters and approach pre-incident levels by the second quarter of 2027.
Markets and investing
UOB Profit Misses Estimates as Trading Income Declines
United Overseas Bank’s third-quarter net income nearly tripled from a year earlier but fell short of analysts’ expectations, as weaker trading and investment income offset gains from lending and fees.
Markets and investing
Marvell Agrees to Acquire Lumentum in $115 Billion Deal
Marvell agreed to buy Lumentum Holdings at an enterprise value of $115 billion, in one of the largest technology deals in history, as it seeks to benefit from strong data center spending.